UFP Technologies (NASDAQ:UFPT) released its earnings results on Tuesday. The industrial products company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.19, Briefing.com reports. UFP Technologies had a return on equity of 8.94% and a net margin of 8.12%. The company had revenue of $48.60 million during the quarter, compared to the consensus estimate of $44.80 million. The company’s revenue was up .7% compared to the same quarter last year.
Shares of UFP Technologies stock traded down $0.42 on Tuesday, hitting $49.68. 294 shares of the company traded hands, compared to its average volume of 29,997. UFP Technologies has a 52 week low of $36.69 and a 52 week high of $55.51. The business has a 50-day simple moving average of $50.20 and a 200 day simple moving average of $47.20. The stock has a market capitalization of $373.59 million, a P/E ratio of 24.99 and a beta of 0.92.
Separately, Zacks Investment Research downgraded shares of UFP Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, March 20th.
About UFP Technologies
UFP Technologies, Inc designs and converts foams, films, and plastics materials for the medical, automotive, consumer, electronics, industrial, and aerospace and defense markets in the United States. It offers single patient use surfaces, advanced wound care, infection prevention, and disposables for surgical procedures, endoscopic procedures, orthopedic implants, orthopedic appliances, biopharma drug manufacturing, etc.; molded components for automotive, aerospace, and defense markets; recycled protective packaging for B2C brands; and reusable cases and custom inserts.
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